Why Toast and Wayfair shares jumped while other tech stocks hit turbulence

At Rapid7, a plan to cut back on some of its cybersecurity services announced last year disrupted the company’s sales force, according to chief executive Corey Thomas. The Boston firm reduced its 2024 revenue forecast by about $20 million to a high end of $836 million. “How we managed that transition caused a little bit of a slowdown, especially in new sales,” Thomas said on a May 7 call with analysts. Poorer than expected reports hit automotive software firm Cerence and cybersecurity firm Rapid7. At Tripadvisor, the problem was a...